Rates have reduced by up to 0.60%.

The refurbishment product is available for both light and heavy refurbishments.

The lender says it is seeing a significant increase in enquiries for borrowers looking for higher leverage.

The lender has streamlined its residential refurbishment offering from five products down to three.

The new range provides short-term finance for landlords carrying out light refurb works before giving them the option of switching onto a longer-term fixed rate.

Full funds will be available from day one, allowing greater flexibility.

Monthly interest rates now start from 0.69% per month.

The lender will expand its focus to the development finance and residential refurbishment markets.  

Rates have reduced by up to 0.80%.

Jaxon Stevens, relationship director at ASG Finance, says the most ambitious projects are likely to bring higher returns in the current market.